JAKARTA (Yosefardi) – PT Exploitasi Energi Indonesia Tbk (CNKO) will seek US$208 million loan, equivalent Rp2.55 trillion, from syndicated foreign banks, used to finance its development of coal-fired power plant (PLTU) capacity in Pangkalan Bun, Central Kalimantan.
The company expects to invest US$200-260 million on the project. Now the PLTU has capacity of 2×7 megawatts, to add 2×65 megawatts by mid of 2014.
CNKO booked net profit of Rp42 billion in first nine months of this year on revenue of Rp1.26 trillion. Its assets totaled Rp5.32 trillion while liability amounted Rp2.19 trillion.